Wealth management revenue tends to be stickier. That makes it attractive. Brian Kleinhanzl More Quotes by Brian Kleinhanzl More Quotes From Brian Kleinhanzl After strong results from peers yesterday, Morgan Stanley's quarter appears weak, and we expect shares to underperform. Brian Kleinhanzl business We aren't buying into it just yet, the environment is fragile because if there is just one negative event, investors will move to the sidelines. Brian Kleinhanzl business They'll probably be successful generating incremental revenue, but will Goldman Sachs Group Inc be able to take all the large clients away [ from the bigger banks ? ] , not necessarily. Brian Kleinhanzl business As market activity improves, some of the cost-cutting questions at Morgan will probably go away, but as of now, it's the only lever that banks can really pull in this type of environment. Brian Kleinhanzl company-news There is upside, but it has to be done in a manner that is prudent. Brian Kleinhanzl company-news It's a recurring theme where they under invested and now they have to reinvest. Brian Kleinhanzl business If you're depending on 50 percent decline in major commodity to have differentiated results, that's problematic, commodities helped them a little bit, but the big question is: Is that the incremental revenue that you're getting worth the regulatory scrutiny? Brian Kleinhanzl company-news
